chessnut
Long

EURUSD EW Analysis Triangle Update

FX:EURUSD   Euro / U.S. Dollar
119 2 8
The triangle in the EURUSD             thrusted toward 1.14 last week, potentially completing the move. However, the thrust retraced in the form of an abc to exactly 61.8% of the rally, tyrpical of a primary wave. This morning the EU is bullish . Plausibly, this can only mean that we are about to start a third wave rally. A channel target for the greater ABC fits excellently with the projected impulse from wave 1. RR is favourable and very well defined.
agreed and thanks
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nice..judging by that green circle 1 impulse target on this gonna go even higher than 1.15
+1 Reply
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